Title:Wage dispersion over the business cycleAuthor(s):MORIN, AnnaïgDate:2013Type:Working PaperSeries/Number:EUI MWP; 2013/28Abstract:In this paper, I establish a positive correlation between wage dispersion and GDP at business cycle frequencies. Moreover, I provide a rationale for the procyclical properties of wage dispersion by studying a dynamic search ...

Title:The length of patents and the timing of innovationAuthor(s):ROUSAKIS, MichaelDate:2014Type:Working PaperSeries/Number:EUI MWP; 2014/24Abstract:This article evaluates the effects of patent rights on the timing of innovation. As in Shleifer (1986), firms in different sectors receive cost-saving ideas exogenously and sequentially, from which they can make temporary ...